Overview
Nearly a year since the inception of ChatGPT, the risk management teams within financial institutions find themselves in a continuous learning curve when grappling with the challenges and opportunities posed by generative AI (GenAI). As regulations for GenAI in the banking sector loom on the horizon, risk teams are at a crossroads, striving to strike a balance between effectively governing this transformative technology and leveraging it to streamline their risk-related processes.
Recently, Evalueserve hosted a gathering of seasoned risk executives in the vibrant heart of New York City. Against the backdrop of delightful drinks and dinner, a distinguished panel comprising risk leaders and AI experts engaged in a discussion around the nuances of establishing robust oversight for GenAI, the practical use cases they’ve ventured into, and the strategies for a successful GenAI implementation. In this blog, we distill the key insights gleaned from this illuminating discussion.
